格隆汇8月15日丨中奥到家(01538.HK)公告，公司将于2025年8月28日(星期四)举行董事会会议，藉以(其 中包括)(i)审议及批准公司及其附属公司截至2025年6月30日止6个月未经审核中期业绩及其发布，及(ii) 处理任何其他事务。 ...

格隆汇8月15日丨经发物业(01354.HK)宣布，本公司将于2025年8月27日（星期三）举行董事会会议，藉 以（其中包括）考虑及批准本公司及其附属公司截至2025年6月30日止六个月的中期业绩以供发布，以 及处理其他事项。 ...

Core Viewpoint - Jiayuan Services (01153.HK) expects a significant increase in net profit for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to the reversal of impairment provisions related to unauthorized guarantees provided to the ultimate controlling shareholder [1] Financial Performance - The company anticipates net profit attributable to shareholders to be between RMB 120 million and RMB 150 million for the six months ending June 30, 2025 [1] - For the six months ending June 30, 2024, the net profit attributable to shareholders was approximately RMB 63.2 million [1] - The increase in net profit is mainly attributed to the reversal of impairment provisions amounting to approximately RMB 109 million related to unauthorized guarantees [1]

Core Viewpoint - The property management industry is experiencing a significant shift, with a nationwide trend of property fee reductions driven by government policies, increased awareness of homeowners' rights, and changes in supply-demand dynamics in the real estate market [3][5][26]. Group 1: Property Fee Reductions - A wave of property fee reductions has swept across various cities, with reductions ranging from 20% to 35% in places like Chongqing, Yinchuan, Qingdao, and Wuhan [3][6]. - Some cities have introduced policies to reduce fees for vacant properties, such as a 30% reduction in Jiangsu province for homes unoccupied for over six months [5][24]. - Vanke Property announced its exit from the management of a community in Hubei due to a more than 40% reduction in property fees, stating that such drastic cuts made operations unsustainable [5][34]. Group 2: Homeowner-Property Management Conflicts - Homeowners are increasingly vocal about their dissatisfaction with property management services, leading to frequent disputes over service quality and fee justification [10][12]. - Many homeowners feel that the quality of services provided does not match the fees they are paying, prompting calls for fee reductions [15][17]. - The relationship between homeowners and property management companies is often strained, with some homeowners refusing to pay fees due to perceived inadequate services [12][15]. Group 3: Market Dynamics and Company Responses - The property management sector is facing challenges as the number of property management companies continues to grow while new residential construction has significantly declined, leading to increased competition [26][35]. - Despite some companies experiencing revenue growth, profit margins are declining, with many firms reporting a drop in net profits [35][36]. - The industry is exploring new pricing mechanisms, such as flexible pricing models that allow homeowners to choose services based on their needs, aiming to balance service quality and cost [40].

格隆汇8月15日丨世茂服务(00873.HK)公告，公司将于2025年8月27日(星期三)举行董事会会议，藉以(其 中包括)批准公司及其附属公司截至2025年6月30日止6个月中期业绩，以及考虑派发中期股息(如有)。 ...

Core Viewpoint - Jiayuan Services (01153) expects a significant increase in net profit for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to the reversal of impairment provisions related to unauthorized guarantees provided to the ultimate controlling shareholder [1]. Financial Performance - The company anticipates net profit attributable to shareholders of approximately RMB 120 million to RMB 150 million for the six months ending June 30, 2025 [1]. - For the six months ending June 30, 2024, the net profit attributable to shareholders is expected to be around RMB 63.2 million [1]. - The increase in net profit is mainly attributed to the reversal of impairment provisions amounting to approximately RMB 109 million, resulting from a mediation agreement signed on May 15, 2025 [1].

Core Viewpoint - Jiayuan Services (01153) expects to record a net profit attributable to shareholders of approximately RMB 120 million to RMB 150 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 63.2 million for the six months ending June 30, 2024, indicating a significant increase in profitability driven by a recent agreement related to impairment provisions [1] Financial Performance - The anticipated net profit for the six months ending June 30, 2025, is projected to be between RMB 120 million and RMB 150 million [1] - The net profit for the six months ending June 30, 2024, was approximately RMB 63.2 million [1] - The increase in net profit is primarily attributed to the reversal of impairment provisions amounting to approximately RMB 109 million related to unauthorized guarantees provided to the then ultimate controlling shareholder [1]

格隆汇8月15日丨金融街物业(01502.HK)公布，公司将于2025年8月29日召开董事会会议，以（其中包 括）审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布。 ...

Core Viewpoint - China New Retail Supply Chain (3928.HK) announced a cash acquisition agreement with Wanjing Capital, where Wanjing Capital will acquire 360 million shares from the controlling shareholder Alpine Treasure Limited for a total of HKD 222.8 million, representing 75% of the company's issued share capital at a price of HKD 0.6189 per share [2][5]. Group 1: Acquisition Details - Wanjing Capital has also made a mandatory unconditional cash offer for the remaining shares at the same price of HKD 0.6189 per share, amounting to HKD 74.268 million [5]. - The acquisition price represents an 82.32% discount compared to the company's share price of HKD 3.5 before suspension, but it is at a premium of approximately 75.95% over the company's net asset value per share as of March 31, 2025 [5]. Group 2: Funding and Management - The acquisition will be funded through internal resources without any external financing arrangements [6]. - Wanjing Capital is wholly owned by Wang Kaili, who has a background in literature and public relations from prestigious universities and has been involved in investment opportunities since 2024 [6]. Group 3: Ownership and Control - Wang Kaili is the daughter of Wang Zhenhua, the actual controller of New World Group, and the acquisition is funded through her rights as a beneficiary of the Hua Sheng Trust established by her father [7][8]. - The seller, Alpine Treasure Limited, gained control of China New Retail Supply Chain in 2024 for HKD 100 million and has now sold its shares for a profit of HKD 122.8 million, achieving a return of over 120% within one year [10][12]. Group 4: Company Profile - China New Retail Supply Chain Group Limited is a Cayman Islands registered company primarily engaged in construction services and property investment in Singapore, including civil engineering, building construction, logistics, and rental services for residential and industrial properties [9].

Core Viewpoint - The property industry is hopeful but requires a change in operational models to better serve owners [2] Group 1: Market Opportunities - Current opportunities for entrepreneurial property companies arise from new models and services [3] - Property companies are encouraged to return to core services, adapting to changes in policies and market conditions [3] - Notable trend of brand property companies, such as Longfor Property and China Overseas Property, voluntarily withdrawing from management projects due to strategic shifts and owner demands [3] Group 2: Challenges Faced - The primary challenge for property companies is the collection rate, leading to operational losses [3] - Continuous pressure to collect fees results in dissatisfaction among owners, complicating service delivery [3][4] Group 3: Service Delivery and Pricing - Effective service requires time and should focus on visible needs such as cleanliness and safety [4] - The concept of "elastic pricing" is recognized, consisting of fixed costs for essential services and variable costs based on service quality [4]